Business

UPDATE 1-Nigeria Will Call Emergency OPEC Meeting If Oil Rout Continues -FT

Nigeria will call an extraordinary meeting of OPEC if crude oil prices slip any further, the country's oil minister said in an interview with the Financial Times, in a sign of growing alarm over the impact of oil's collapse...

Bank Of America Chips Away At Brokerage Industry Truce

For the last decade, Wall Street brokerages have had a pact not to sue brokers that leave their firms and try to take clients with them. Now Bank of America BAC.N Merrill Lynch, one of the founding signers of...

HSBC Says Deeply Regrets Swiss Bank Failings

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HSBC Holdings Plc (HSBA.L) apologized and said it deeply regretted past conduct and compliance failures at its Swiss private bank as it reported a 17 percent drop in annual profit on Monday. Europe's biggest bank said recent disclosures about past...

Apple To Spend $1.9 Billion On New European Data Centers

Apple Inc said it would spend 1.7 billion euros ($1.9 billion) to build two data centers in Europe that would be entirely powered by renewable energy and create hundreds of jobs. The company said the centers, in Ireland and Denmark,...

Honda CEO Ito To Step Down, Replaced By Low-Profile Engineer

Honda Motor Co (7267.T) Chief Executive Takanobu Ito will step down in late June after six years in the top post and be succeeded by Managing Officer Takahiro Hachigo, a low-profile engineer with global experience, the company said in...

Investors Sour On Canadian Banks Ahead Of Earnings

Investor sentiment in Canadian banks has begun to sour ahead of earnings this week as short interest positions in the stocks have jumped and analysts have begun to get increasingly skittish about their prospects in a weakening Canadian economy. Canadian...

U.S. Refinery Strike Spreads To One-Fifth Of National Capacity

The largest U.S. refinery strike in 35 years entered its fourth week as workers at 12 refineries accounting for one-fifth of national production capacity were walking picket lines as of 12 a.m. CST (0600 GMT) on Sunday, according to...

West Coast Port Dispute Costing Honda 25,000 Vehicles

Honda Motor Co (7267.T) on Saturday praised an agreement to end a labor dispute at U.S. West Coast ports but said shipping delays will cost the company about 25,000 vehicles this month. Shipping companies and the International Longshore and Warehouse...

Shell Says No Agreement In U.S. Refinery Strike Talks

Lead U.S. oil company negotiator Shell Oil Co said face-to-face negotiations on Friday with the United Steelworkers union (USW) failed to yield an agreement to end the 20-day-old U.S. refinery strike. Workers at several refineries and chemical plants were waiting...

Apple Hiring Big Brains In Car Battery Space

A year and a half ago, Apple Inc (AAPL.O) had applied for just eight patents related to auto batteries. Recently, it has hired a bevy of engineers, just one of whom had already filed for 17 in his former...